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4.1¢ incannex healthcare limited

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Ashfield

1,066 Posts.

64

09/10/23

16:40

Post #: 70250214
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Originally posted by sirjezdog: ↑

I have no idea what the share price will do in the short term, there is arguments both ways. The volume right now is really low, so thats a positive for now. If the bulk of the selling pressure has dissipated, then hopefully theres not that much downside left.

That said, the markets can price things harshly for long periods and sharply reprice them later. Look at XRO, giant well known company on the ASX, went from $60 to $120 in a few months this year and everyone was trashing it on the way down. Completely different company, and not a comparison - but definitely a case of the $60 price being wrong for a period of time.

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Thank you sirjezdog.There has been low volume and as nothing has changed with the company apart from delisting I would think its optimal buying at these levels but markets have a way if doing things.I appreciate your insights.

IHL Price at posting: 6.2¢ Sentiment: Buy Disclosure: Held
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